Texas Instruments narrowed on Monday a quarterly earnings and revenue goal it issued in April because of caution among its chip customers and weak demand for high-end phones.

The company, which makes chips, forecast second-quarter earnings of 43 to 47 cents a share on revenue of $3.33 billion to $3.46 billion.

Shares of the company fell 18 cents to $31.15 in extended trading. They rose 9 cents, or less than 1 percent, to close at $31.33 in regular trading Monday.

On April 21, Texas Instruments disappointed investors with a forecast of 42 to 48 cents a share on revenue of $3.24 billion to $3.5 billion.

The company, based in Dallas, said Monday it expected semiconductor revenue in the quarter of $3.17 billion to $3.28 billion, compared with the previously given range of $3.08 billion to $3.32 billion.

Labels: Technology